In the euro area, “most of the indicators suggest that is catching a sustained economic recovery,” said the governor, explaining that “ the confidence of businesses and consumers is rising and growth forecasts have been revised upwards . E bank credit is improving is on the demand side and from that offer. ” “This – added Draghi means that we can be justifiably optimistic about the prospects.”
However, Draghi stressed that “ that does not mean we can rest on our laurels . On the contrary, this shoot gives us a window of opportunity, with the conditions to pursue the reforms that make the euro area less fragile and less vulnerable to shocks. “
Draghi, then, reiterated that although there is now an” ultra accommodative policy is not a disincentive for countries to pursue reforms, for example Italy has introduced a major reform of the labor market. In fact, “the to monetary policy creates an incentive for reform .”
ECB, purchased 9 , 75 billion of government bonds in the first week of Qe
Meanwhile, yesterday afternoon, the European Central Bank has announced via Twitter that they have bought 9.75 billion euro of government bonds in the first week of the quantitative easing program . The ECB has continued the other stimulus measures and therefore the purchase of covered bonds, to 56.95 billion euro, and Abs 3.75 billion for the 13 March.
No comments:
Post a Comment